Tennessee Charitable Gift Annuity Registration

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Filling out a form on donation property

Charities are required to meet prerequisites and follow regulations before using charitable annuities for fundraising. This guide contains information about charitable gift annuities in Tennessee.

Tennessee Charitable Gift Annuity Registration

Agency:Tennessee Department of Commerce and Insurance
Law:

TN Code § 56-52-101 through TN Code § 56-52-111

Audit Requirements:

The submitted financial statements must either be audited by an independent CPA or attested to by two officers of the company.

Initial Registration

Form:

Charitable Gift Annuity Application Packet

Agency Fee:

$675

Notarization Required?:Required
Notes:

Charities must maintain a separate reserve fund that contains either 110% of the reserves required by TN Code § 56-52-104(b) or the total amount of donations for outstanding charitable gift annuities.

Registration Renewal

Form:

There is no renewal form, instead send a letter of intent to renew to the department along with the renewal fee.

Agency Fee:

$100

Due:

Annually by March 1.

Notes:

In addition to renewing the certificate of authority, charities should also submit an annual report within 90 days after the close of their fiscal year.

Revised September 04, 2021. Complete data last reviewed December 04, 2017.
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